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Eurosystem funding down by 535 mln in April, ELA falls for second straight month
EconomyMacroeconomythe drop of 535 million euros in April is the lowest in this series, Bank of Greece's (BoG) monthly.... Almost two thirds of that marked drop (44.67 billion) relates to lower reliance on ELA funding... percent of the total withdrawn liquidity. Despite the modest drop in the ELA funding, the collateral
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Office prices rebound 0.6 pct in 2016 for first time since 2010, retail space prices edge down 0.4 pct
EconomyMacroeconomyfor the first time since 2010. In 2015, the index had eased 0.1 percent, while the biggest drop of 11.9... low of 70.6 in H2, implying a sharp drop of 30 percent from the peak of 100.8 in H1 2010... YoY to 71.7 in H2. For the whole year, the office rent index recorded a drop for the sixth
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingto 258 million, attributable to a 13 percent drop in operating expenses and offsetting a decline... percent drop in both staff and administrative expenses and benefitting from the implementation...). Moreover, the NPL ratio is targeted to drop below 15 percent in 2020 from its current level of 38
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Newsletter 120 - 26/05/2017
the target by 534 million. Drop in apartment prices accelerates in Q1 Prices fell by 0.5 percent in Q1...) in the first quarter of 2017, following an upwardly revised drop of 1 percent in Q4 2016, BoG data.... Following the QoQ drop in Q1, the apartment prices index landed at a new record low of 59.1. From its
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Q1 GDP provides a positive surprise with 0.4 pct quarterly growth
EconomyMacroeconomyquarter (Q1) of 2017, after a downwardly revised drop of 1.1 percent in the previous quarter... offsetting the negative impact from a drop of 2.3 percent in exports, coupled with a rise of 4.5... (YoY) in Q1, after a drop of 1 percent in Q4 2016. The flash estimates had shown that Q1 GDP contracted
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Bank branches fall in 2016, degree of concentration highest in EU
EconomyBankinga short-lived rise by 441 in 2015. The year-end figures for 2016 correspond to a drop of 8.4 and 7.5... branches, which corresponds to a drop of 35.7 percent. The number of bank employees has been reduced... banks from the Greek market resulted in a sharp drop of their assets in Greece from 38.54 billion
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Eurosystem funding drops by 2.2 bln in May, mostly on further decrease in ELA reliance
EconomyMacroeconomy, mainly reflecting a drop in the ECB funding by 6.73 billion, as Greek banks replaced this type... programme was agreed, with almost two thirds of that marked drop (46.07 billion) related to lower... in May after remaining broadly stable in April. The drop in May is the highest since January. Banknotes
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Newsletter 127 - 14/07/2017
at the end of 2016 from 348.77 a year ago. The decline largely reflects a drop by more than 26 billion..., it dropped at a similar pace of 2.22 billion euros. June’s figure represents the largest drop since... review. On a year-to-date basis, Eurosystem funding fell by 12.36 billion, mainly reflecting a drop
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Could reforms have prevented Greece's economic collapse?
Agorahit hard by the global financial crisis in 2009, when it posted a sharp GDP drop of -4.3 percent... Q3 2010 and Q1 2011. The cumulative drop of private consumption in the 2010-2013 period was close... and Q2 2011. The deepest drop was posted in Q3 2012, when it fell by 32.8 percent. Greece’s exports
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingin June outperforming target by 300 million, while a drop of another 1.2 billion should be achieved...), higher bond income and lower funding cost, which outweighed a slight drop in loan and deposit income... from the March figure. Alpha noted that the post-June drop in Eurosystem funding was driven by repo
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